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Port of New York and New Jersey sees container surge in May

08/07/2024


For the third month in a row, total volume at the Port of New York and New Jersey exceeded 700,000 TEUs, but that’s not the only notable achievement.

In May, the port also climbed to the top spot in the United States for both total TEUs and total loaded TEUs.

May’s total volume reached 790,758 TEUs, marking a 16.9% increase from the 676,311 TEUs recorded in the same month in 2023. This double-digit rise marked the sixth consecutive month of year-over-year volume growth and brought the port’s year-through-May total to 3,501,676 TEUs, positioning the Port of New York and New Jersey as the second-busiest cargo port in the nation so far this year.

Additionally, imports (TEUs) also saw impressive gains in May, rising by 17.8% compared to the previous year. A total of 413,833 TEUs moved through the US East Coast port in May, compared to 351,430 TEUs in May 2023. From January through May, imported loads reached 1,791,956 TEUs, a 14.1% increase from the 1,570,815 TEUs recorded in the same period of 2023.

Furthermore, exports (TEUs) increased by 12.7% in May compared to the previous year, totalling 124,801 TEUs, up from 110,695 TEUs in May 2023. From January through May, the port exported 570,901 TEUs, a 3.8% increase from the 549,823 TEUs recorded the previous year.

Export empties rose by 17.4% in May, totalling 250,070 TEUs compared to 212,995 TEUs in May 2023. From January through May, a total of 1,127,973 export empties were recorded, a 14.2% increase from the 987,475 TEUs posted in the same period of 2023. Import empties were up 40.5% from January through May compared to the previous year.

Additionally, rail volume increased by 3.8% from May 2023 figure, reaching 54,641 containers. From January through May, rail volume was 6.2% greater than in the same period of 2023.

In May, 33,984 autos moved through the port, an increase of 6.3% compared to May 2023. Auto volume for January through May rose by 11% from the same period in 2023.

Source: Container News

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